Archive · 24 Jul 2026
Indo-MIM IPO Day 2: Subscription Status and Details
Indo-MIM Ltd.
is a company that makes precision parts using a special technology called metal injection molding (MIM).
They are offering shares to the public for the first time, which is called an IPO.
The IPO started on July 23, 2026, and will close on July 27, 2026.
The price for each share is between ₹461 and ₹485.
The company wants to raise ₹3,811 crore from this IPO.
They will use some of the money to pay off debts and the rest for general business needs.
The IPO has been quite popular, with many people wanting to buy shares.
Some experts think it's a good idea to invest in this IPO because the company is a leader in its field and has a strong financial performance.
However, others are concerned that the price is too high.
The shares are expected to start trading on July 30, 2026.
Indo-MIM IPO opened on July 23, 2026, with a price band of ₹461-485 per share.
The IPO is sized at ₹3,811 crore, consisting of a fresh issue and an offer for sale (OFS).
The IPO was subscribed 1.41 times by Day 2, with strong interest from retail and NII investors.
Brokerages recommend subscribing to the IPO, citing Indo-MIM's global leadership and strong financial performance.
The company plans to use the proceeds for debt repayment and general corporate purposes.
- Who
- Indo-MIM Ltd.
- What
- IPO subscription and details
- When
- July 23-27, 2026
- Where
- India
- Why
- To raise funds for debt repayment and general corporate purposes
Positive Outlook
Premium Valuation Concerns
Brokerage Recommendations
Positive Outlook
Brokerages like Anand Rathi and Swastika Investmart recommend subscribing to the IPO, citing Indo-MIM's global leadership, diversified customer base, and strong financial performance.
Premium Valuation Concerns
Some investors may be concerned about the premium valuation of the IPO, which is priced at around 45x FY26 earnings.
- IPO Open Date
- July 23, 2026
- IPO Close Date
- July 27, 2026
- Price Band
- ₹461-485 per equity share
- Total Issue Size
- ₹3,811 crore
- Fresh Issue Size
- ₹499.10 crore
- Offer for Sale (OFS) Size
- ₹3,311.21 crore
- Basis of Allotment Date
- July 28, 2026
- Listing Date
- July 30, 2026
- Grey Market Premium (GMP)
- ₹165
- Expected Listing Price
- ₹650
- Subscription Status (Day 2)
- 1.41 times
- Retail Portion Subscription
- 1.06 times
- NII Portion Subscription
- 3.88 times
- QIB Portion Subscription
- 0.18 times
- Employee Quota Subscription
- 1.79 times
- Total Bids Received
- 7.78 crore shares
- Total Shares on Offer
- 5.50 crore shares
- Lot Size
- 30 equity shares
- Minimum Investment for Retail Investors
- ₹14,550
- Employee Discount
- ₹45 per share
- Anchor Investment
- ₹1,140.99 crore
- Book-Running Lead Manager
- HDFC Bank Ltd.
- Registrar
- MUFG Intime India Pvt. Ltd.
- Founded Year
- 1996
- Specialization
- Precision-engineered components using metal injection molding (MIM) technology
- Global Leadership
- World's largest Metal Injection Molding (MIM) company by installed capacity
- Revenue Growth (FY26)
- 28%
- PAT Growth (FY26)
- 26%
- RoNW (FY26)
- 21.3%
- ROCE (FY26)
- 26.6%
- Debt Repayment from Fresh Issue
- ₹400 crore